Transportation

FRANKFURT (Reuters) - German carmaker Volkswagen formally launched its bid for MAN on Tuesday in a move toward creating Europe's biggest truckmaker.

WASHINGTON (Reuters) - Gasoline fell to its lowest level in seven weeks and diesel fuel dropped below $4 a gallon for the first time in two months, the Energy Department said on Tuesday.

NEW YORK (Reuters) - U.S. Sen. Charles Schumer on Monday called for legislation that would prohibit the rental of cars that had been recalled for safety reasons.

By Andrea Shalal-Esa

Airbus said it plans to increase output of its A320 family to a record 42 planes a month -- a move that seals the company's position as the world's largest plane maker and hints at a broader global recovery.

TOKYO (Reuters) - Toyota Motor Corp and cloud computing company Salesforce.com Inc will build a social network service that will enable owners to become "friends" with their cars and get friendly, tweet-like reminders for maintenance checks and other notices.

WASHINGTON (Reuters) - The U.S. Postal Service posted a $2.2 billion net loss in its second quarter and said it might be unable to pay its debts by September.

The music festival season is just around the corner and whether you're interested in rock, electro-pop, trance, jazz or dance, there's a festival out there to explore. 

Engineers conceded that burying Japan's crippled nuclear plant in sand and concrete may be a last resort.

By Mariko Katsumura

By Bernie Woodall

By Andrea Shalal-Esa

WASHINGTON (Reuters) - The U.S. Postal Service said on Thursday it would cut 7,500 jobs and close seven district offices and 2,000 post offices as it handles less mail and faces greater staff costs and competition from FedEx and United Parcel Service .

DETROIT (Reuters) - Chrysler Group LLC recalled more than 248,000 crossover wagon and minivans because of a defect that could allow the key to slip while driving, causing the engine to shut down without warning.

Boeing sent a shockwave through the aerospace industry on Wednesday with a 2016 outlook that calls for fewer commercial airplane deliveries and some production cuts.

Ride-hailing service Lyft has agreed to settle a proposed class action lawsuit in California by giving drivers additional workplace protections but without classifying them as employees.

The nation's airports are badly in need of construction and technological improvements. FOXBusiness.com’s series 'Upgrading America' examines what’s being done to fix the problem.

Concerned about gas prices? Don't get behind the wheel of these vehicles, which rank among some of the least-fuel efficient on the road.

Ford is recalling 7,600 2013 Escape models - 6,146 vehicles manufactured in the U.S. - due to engine problems that could cause a fire. 

Shares of FedEx fell almost 3% as Wall Street grows less bullish on the shipping giant after it issued a profit warning due to trouble in the global economy.